Crude oil prices inched higher today after the Energy Information Administration reported an inventory decline of 500,000 barrels for the week to June 9. This compared with an inventory build of 4.5 million barrels for the previous week, which pushed prices lower. At 459.2 million barrels, U.S. crude oil inventories are around 2% below the five-year average for this time of the year, the EIA said. In fuels, the agency estimated inventory builds across the board. Gasoline stocks added 2.7 million barrels in the reporting period, which compared with a draw of 200,000 barrels for the previous week. Gasoline production ... (full story)